Tag Archives: ACCA

Exams – The Double Edged Sword

Whether its ACA, ACCA, AAT, ATT, CTA, FIA or CIPFA, a big part of your life as a Grant Thornton trainee is studying and taking exams (and it seems, learning acronyms). How you study for your qualification will vary; it may be via day release or a block of time away from work at college or out at our training centre in Bradenham (where Kaplan college come to us to teach the tax qualifications, rather than the other way around).  What is common throughout, however, is the effort required.

Read this post

Molly’s Accelerate Diary – August 2013

This month has been a really great one. It’s been hot, there have been barbeques, birthdays, bank holidays (although sadly the last one of the year until Christmas Day – scary!). The month began with me receiving my final AAT result and I am now over the moon to tell you that I am AAT qualified leaving me ready to take my next big step into the world of ACCA. Read this post

The Secret Life of an Audit Manager

I joined Grant Thornton in 1984 as a trainee, studying for the Institute of Chartered Secretaries and Administrators exams (which focuses on Company Law, but also includes accountancy, audit and tax). I passed the exams and was admitted as an associate member of ICSA in February 1987.

Later that year I started the ACA training, and passed the first 8 exams. Sadly, just before I sat my final 4 exams my father died – and although I went ahead and sat the exams my mind was not ‘in gear’, and I was unsuccessful in one of the four papers. The credit system did not exist back then, which meant I had to re-sit all 4 papers, which I did, but again was unsuccessful in the same paper. I tried for a third time, but got the same result.

The firm was very supportive, allowing me to continue my career with my ICSA qualification and by that time knowing the work I was capable of carrying out. By then I was an audit senior and shortly afterwards was promoted to assistant manager and then manager.

I have always been a strong believer in personal development, and working as a line manager, training manager and assessor at the Development Centres I have taken a keen interest over the years in the development of the firm’s trainees. However, I felt there was something missing for me in not having an accountancy qualification, and I was sad that the qualification had eluded me earlier in my career.

In 2006 I made the decision that I wanted to gain an accountancy qualification. I recognised that it would be hard work and challenging, but it felt an important step in my own professional development. It also felt important to honour the work that I do, and my career that, even after many years, remains stimulating, motivating and very rewarding. With the support and encouragement of my office assurance partners and Office Managing Partner, I registered with the ACCA. I would have to take 9 exams to enable me to qualify. I was surprised that they had granted me some exemptions because of my ICSA qualification – after all I had taken these exams more than 20 years earlier!

I decided to do the studying by distance learning, and the books for the first 2 exams arrived in January 2010. It has been hard work since then, keeping up with the demands of the ‘day job’ as a senior assurance manager, studying in the evenings and weekends (for all the trainees – I really do understand what trainees face!) and trying to maintain my home and social life!!

The subjects have been wide-ranging: the audit and financial & corporate reporting have been based on international standards (which has been good to learn), and I have also taken exams in financial and business management, business strategy and analysis and tax. I have enjoyed the learning, up-dating my knowledge, and reading some really interesting and informative articles (especially around business analysis).

I sat my first exams in June 2010, and was so happy when I passed them. I sat a further 2 in December 2010 (and passed), 3 in June 2011 (and passed) and the final 2 in December 2011. I got the results on Monday (13 February) and was over the moon when I read the words “pass” against both papers. In fact, I think I’m still smiling!